Suzlon Energy With Repeat Orders From ITC Ltd

Suzlon Energy announced the signing of repeat orders with ITC Ltd, a leading and highly diversified conglomerate, to set up, operate and maintain two new wind power projects in the states of Karnataka and Maharashtra.
image thumb2 Suzlon Energy With Repeat Orders From ITC Ltd The project in Karnataka will add 21 MW of capacity from ten units of Suzlon’sS88 – 2.1 MW turbine, while the Maharashtra project will add 6 MW of capacity from four unitsof Suzlon’s S-82 1.5 MW turbine.
These repeat orders follow earlier wind projects commissioned by Suzlon inTamil Nadu and
Maharashtra for ITC through the concept-to-commissioningsolution model. With these orders ITC Ltd’s wind portfolio increases to 47.1MW.
Speaking on the order, Mr. I. C. Mangal, President – Business Development (India), Suzlon Energy Ltd said:"We are proud of the confidence that ITC has placed in Suzlon’s expertiseand capabilities in delivering a sustainable and profitable wind powersolution. This order underlines ITC’s experience with Suzlon in their existingprojects, and Suzlon’s value proposition to investors. We are keen oncontinuing this partnership for responsible and sustainable business to helpachieve ITC’s organizational goals on sustainability."
Mr. Sanjiv Puri, Divisional Chief Executive, Tobacco Division – ITC Ltd, said"The agreement with Suzlon for the establishment of two new wind powerprojects is a part of ITC’s commitment to pursue a low-carbon high-growthstrategy and progressively increase its use of renewable energy sources.Currently, over 30% of energy consumed in ITC is from renewable sources and weexpect this to increase to over 50% in the near future. This will also help infurther consolidating ITC unique carbon-positive status."
India is the fifth leading wind energy market in the world supported by astrong push for renewables, a diversified investor base, mature business modelsand strong policy supports. Suzlon’s pioneering end-to-end solution has helpedaccelerate the growth of the market by providing simplifying investment in thewind energy sector, and a compelling value proposition for customers – demonstratedin the Company’s 11 years of uninterrupted market leadership, installations ofmore than 4,800 MW, and 1,400 valued customers."

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